The Reason That Differences in Economic Growth Rates Are Important

question 256

Multiple Choice

The reason that differences in economic growth rates are important in the long run is that

• A) growth compounds over time.
• B) population naturally shrinks in most countries.
• C) real GDP usually drops when adjusted for inflation.
• D) nominal GDP typically increases faster than real GDP.

---

Definitions:

Global Warming

The gradual increase in Earth's average surface temperature, attributed to the greenhouse gas emissions from human activities such as fossil fuel burning and deforestation.

Ecological Services

The benefits that natural ecosystems provide to humans, such as clean water, air purification, pollination of crops, and climate regulation.

Human Exploitation

The unethical or unfair use of the labor and resources of people, often leading to harm or disadvantage.

Marine Habitats

Natural environments found in oceanic and coastal areas that provide living spaces for marine organisms.